HC Deb 01 July 1919 vol 117 c781W

asked the Secretary to the Treasury what were the net yields for the financial year ended 31st March, 1919, under each of the Schedules A, B, C, D, and E, respectively, of the Income Tax; what was the total yield of them all; what was the yield of the Super tax; and what was the aggregate yield of the Income Tax and the Super-tax combined?


The approximate net receipts in the financial year to 31st March last were as follows:

Income Tax £257,500,000
Super-tax 35,560,000

The following is the estimated distribution of the Income Tax among the various Schedules:

Schedule A £21,800,000
Schedule B 4,800,000
Schedule C 19,700,000
Schedule D 185,600,000
Schedule E 25,600,000
Total £257,500,000

The "net receipt" for any given year represents the amount of tax actually collected within the year (no matter for what year the tax may have been assessed) less the amount of tax refunded, etc., within the year. It necessarily differs somewhat from the payments into the Exchequer in the same year, owing to the fact that revenue received in the provinces occupies a certain time in course of transmission to headquarters.